Founded in 1955 by a group of Dallas businessmen, the Texas Thoroughbred Association (formerly known as the Texas Thoroughbred Breeders Association) has nearly 1,500 members. Governed by an elected 21-member Board of Directors, TTA was mandated in 1986 by the Texas Racing Act to administer the Accredited Texas-Bred (ATB) Program. The ATB Program was designed to enhance and promote the Texas breeding and racing industry, in part by providing incentive awards for Thoroughbred owners, breeders and stallion owners in connection with an ATB Thoroughbred who finishes in the top three in any race in Texas.
In 2019 the Horse Industry Escrow Account was created. This incentive account annually reinvests up to $25 million tax dollars generated by horse-related businesses back into the continued growth of the Texas horse economy. Part of those funds are used to create bonus awards (in addition to regular ATB awards) for breeders of Accredited Texas-bred horses finishing 1, 2 or 3 in open company races in Texas, or in US races outside of Texas, and to the owners of Texas-Sired Accredited Texas-breds finishing 1, 2 or 3 in open company races in Texas.